Hyatt Hotels Co. (NYSE:H) Holdings Lifted by Procyon Advisors LLC

Procyon Advisors LLC boosted its position in shares of Hyatt Hotels Co. (NYSE:H) by 6.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,125 shares of the company’s stock after buying an additional 183 shares during the quarter. Procyon Advisors LLC’s holdings in Hyatt Hotels were worth $476,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of H. LRI Investments LLC bought a new position in Hyatt Hotels during the first quarter valued at about $26,000. Riverview Trust Co bought a new position in Hyatt Hotels during the first quarter valued at about $27,000. Summit Securities Group LLC purchased a new stake in shares of Hyatt Hotels during the second quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Hyatt Hotels during the third quarter valued at $30,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Hyatt Hotels by 1,107.1% during the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after purchasing an additional 310 shares during the last quarter. Institutional investors own 71.02% of the company’s stock.

Insiders Place Their Bets

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of Hyatt Hotels stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the sale, the insider now owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on H. Macquarie reduced their target price on Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Barclays upped their target price on Hyatt Hotels from $146.00 to $151.00 and gave the company an “equal weight” rating in a report on Wednesday, September 4th. Sanford C. Bernstein reduced their target price on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. JPMorgan Chase & Co. increased their price objective on Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, StockNews.com downgraded Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $148.47.

Hyatt Hotels Stock Down 0.5 %

Shares of Hyatt Hotels stock opened at $151.55 on Wednesday. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 23.53 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. Hyatt Hotels Co. has a 52-week low of $96.77 and a 52-week high of $162.24. The stock has a 50-day simple moving average of $147.70 and a 200-day simple moving average of $149.15.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the business earned $0.82 EPS. On average, equities research analysts expect that Hyatt Hotels Co. will post 3.93 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio is currently 9.32%.

Hyatt Hotels Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.